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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 665.67-0.9%Nov 17 4:00 PM EST

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To: Compadre who wrote (13298)5/9/1999 10:37:00 AM
From: HairBall  Read Replies (2) of 99985
 
jaime choy: I just took a look at your post and checked your first set of numbers...

The NAZ (NASDAQ Composite) the retrace from the Feb high was only 12.2% I stopped there...

High on 2/1/99 was 2533.44 the low was on 2224.21 you do the math.

EDIT: Also Jamie you noted that your mutual fund trading system gave a sell signal at Friday's close. Your system often gives multiple signals in a single day. Even if your system did give a sell signal Friday and the Market completely tanks on Monday, your sell signal would not have been the read for such an event. It is just to short-term.

Regards,
LG
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